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Output and Analysis

The document analyzes factors that influence used car prices through scatter plots and box plots of selling price data. Key factors found to impact price include car age, mileage, fuel type, seller type, transmission type, and previous owners. Analysis of specific car brands found luxury brands like BMW and Mercedes command higher prices but with more variability, while popular affordable brands like Toyota and Honda have broad appeal and lower prices despite a wide range. Data limitations exist for some less common brands.

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31 views10 pages

Output and Analysis

The document analyzes factors that influence used car prices through scatter plots and box plots of selling price data. Key factors found to impact price include car age, mileage, fuel type, seller type, transmission type, and previous owners. Analysis of specific car brands found luxury brands like BMW and Mercedes command higher prices but with more variability, while popular affordable brands like Toyota and Honda have broad appeal and lower prices despite a wide range. Data limitations exist for some less common brands.

Uploaded by

ratnadepp
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Analysis of Features

1. Selling Price vs Car Age (Scatter Plot):

• There appears to be a trend where newer cars (lower Car Age) tend to have higher
selling prices. This suggests that 'Car Age' is an important factor, with older cars
generally selling for less.

2. Selling Price vs Kms Driven (Scatter Plot):

• A trend may be observed where cars with fewer kilometers driven tend to have higher
selling prices. This indicates that 'Kms Driven' is an influential factor, with higher usage
(more kilometers) likely leading to lower prices.

3. Selling Price by Fuel Type (Box Plot):

• The distribution of selling prices may vary significantly across different fuel types. If
certain fuel types show consistently higher or lower median prices, it implies that 'Fuel
Type' is a significant factor in determining the selling price.

4. Selling Price by Seller Type (Box Plot):

• If there are noticeable differences in the median selling prices between individual sellers
and dealers, it suggests that 'Seller Type' plays a role in the selling price.

5. Selling Price by Transmission Type (Box Plot):

• The type of transmission (manual or automatic) might show distinct price distributions.
A significant difference in price ranges between these categories would indicate the
importance of 'Transmission Type'.

6. Selling Price by Owner Type (Box Plot):

• The number of previous owners (e.g., First Owner, Second Owner) could affect the
selling price. A clear variation in prices based on ownership history would suggest that
'Owner Type' is an influential factor.
With Respect to Car Models

1. Top-Tier Models:

• Brands like Land Rover, BMW, and Mercedes-Benz have the highest median selling
prices, indicating their premium status in the used car market.

2. Price Range Variability:

• Luxury brands such as BMW, Mercedes-Benz, and Audi exhibit a wide range in selling
prices, suggesting a diverse lineup of models with varying features and conditions.

• The large range also implies that certain models or specific conditions of these cars can
command exceptionally high prices.

3. Interquartile Range (IQR):

• High IQR values in brands like BMW, Mercedes-Benz, and Audi indicate significant
variability within the middle 50% of their price distributions. This suggests diverse
valuation based on factors like model variants, car condition, and additional features.

4. Popular Brands with Broad Market Appeal:

• Brands like Toyota, Mahindra, and Honda show a relatively lower median price but with
a wide range and high count, indicating their broad appeal and availability in the market.

5. Affordability and High Volume:

• Maruti stands out with a high volume of cars (count) and a lower median price,
reflecting its position as a widely accessible and affordable brand in the used car market.

6. Limited Data for Some Models:

• Brands like Isuzu, Kia, and Force have very few data points, making their price analysis
less reliable due to limited data.

7. Outliers and Special Cases:

• Certain models might have outliers (not shown in the analysis) which could be due to
special editions, rare models, or cars in exceptionally good condition.

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